Banks increase financing for LNG expansion despite climate warnings

Banks increase financing for LNG expansion despite climate warnings

Banks increase financing for LNG expansion despite climate warnings

Posted by on 2024-05-14

Fossil fuel financing from the world’s largest banks dropped by more than US$70bn in 2023, a report has found, yet an increase in backing for trade in LNG has prompted a backlash for climate campaigners.  Overall lending and underwriting to companies with fossil fuel exposure has dropped from US$961bn in 2021 to just under US$706bn ...